Lagos Introduces New Measure to End Revenue Leakages

The Lagos State Government has said that it will no longer accept cash payment in revenue collection effective from March 1, noting that the new tax payment system would end revenue leakages in the state.

Rather than cash payment, the state government noted that the residents should henceforth pay their taxes through banks, WebPay, Paypoint and Unstructured Supplementary Service Data (USSD).

The state governor, Mr. Akinwunmi Ambode, unveiled the new system after paying his land use charge at Guaranty Trust Bank (GTB), Opebi Branch, Ikeja Monday.

He inaugurated the new channels alongside the Managing Director of GTB, Mr. Segun Agbaje, Chairman of Lagos State Internal revenue Service (LIRS), Mr. Ayo Subair and Special Adviser on Revenue and Tax, Mr. Fola Lasisi, among others.

After paying his land use charge, he said the state government introduced the payment channels in partnership with Interswitch Ltd, adding that the state government could not be promising prosperity in the future without investing in the future.

Founded on January 22, 1995, THISDAY is published by THISDAY NEWSPAPERS LTD., 35 Creek Road Apapa, Lagos, Nigeria with offices in 36 states of Nigeria , the Federal Capital Territory and around the world. It is Nigeria's most authoritative news media available on all platforms for the political, business, professional and diplomatic elite and broader middle classes while serving as the meeting point of new ideas, culture and technology for the aspirationals and millennials. The newspaper is a public trust dedicated to the pursuit of truth and reason covering a range of issues from breaking news to politics, business, the markets, the arts, sports and community to the crossroads of people and society.